A loan of $1,375 helped a member to purchase additional products to sell.

Daisy's Group's story

Daisy R. is from the village of Caraniogan. She is 44 years old. Daisy is the group leader of a six member group loan offered by ASKI. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Daisy R.'s Group.

Daisy is married and has 3 school-aged children. To make a living, Daisy owns and operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community. Daisy has been engaged in her business for over one year and earns approximately 4000 PHP a month for these activities.

In 2008, Daisy joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Daisy has successfully repaid a previous loan of 12,000 PHP from ASKI. This previous loan was used to purchase new items to expand product offering. Daisy is requesting a new loan of 12000 PHP which will be used to purchase additional products to sell. This loan will be the sixth loan taken out by Daisy from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of the borrower's children.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolks and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

In this group: Daisy, Rosalie, Jemalyn, Gina, Philip Cesar, Edgardo*
*not pictured

Loan details

Lenders and lending teams

Loan details